Victor is now strengthening its focus on delivering insurance business to both traditional and alternative capital with the hire of Eric Solash as Global Head of Capital Markets.

Solash will take on responsibility for driving Victor’s capital markets strategies globally across all classes of property and casualty insurance business.

Commenting on the appointment, Christopher Schaper, CEO of Victor, said, “As the property/casualty insurance industry evolves, Victor is at the forefront in creating innovative risk transfer solutions using both traditional and alternative capital capabilities. With Eric’s expertise and experience, we can bring new solutions and sources of capital to the marketplace providing insureds with more options than ever before.”

Solash has more than twenty years of capital markets, alternative funding and insurance investment banking experience. In his new role at Victor he will be based in New York and report directly to Schaper.

He was previously Managing Director and Head of Alternative Funding at General Electric Company, prior to which he led the insurance investment banking team at Freeman & Co. Solash has been working with Victor on a consulting basis since January 2018.

Victor’s continued shift towards bringing primary sources of insurance directly to the capital markets and ILS fund partners reflects the ongoing compression of the insurance and reinsurance market value-chain.

As these trends continue, it will be interesting to see how large the distribution to capital markets business could get for entities like Victor and parent Marsh, as well as how that affects the traditional value-chain of broker to insurer to reinsurer to retrocessionaire.

Victor is placing itself at the forefront of such trends, as it looks to bring the efficiency benefits of the capital markets direct to its primary insurance clients.